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Len [333]
3 years ago
5

Sterling Corporation prepares its financial statements in accordance with IFRS. Sterling paid $10,000 of interest during the yea

r. Sterling must report these finance costs on the statement of cash flows
Business
1 answer:
kozerog [31]3 years ago
5 0

Answer:

The Option B is correct.

Explanation:

The International Financial Reporting Standards gives two option to report the finance costs in the statement of cash flow. The first option the firm has is that the finance cost must be reported in the operating activities because these interest cost arise because firm borrows money to finance its operations. The other option is the firm has option to include it in the financing section of the statement of cash flows because it might had invested in stocks which must be deducted from the financing activities.

Whatever the option firm choses must relate to the facts and must increase the truth and fairnes of the statement and it must also applied consistently in future as well. US GAAP says that the finance cost must be deducted from the operating activities in the statement of cash flows.

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In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have
barxatty [35]

Answer:

a) An increasing number of import quotas

b) Better high-speed rail lines

c) Improvements in telecommunications

d) International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Explanation:

All of the above applies as in order to increase the international trade.

As with the increase in quotas there is a pressure to increase the imports. Further when there is easy chain of supply even in the international market that is railway facility is smooth and that the telecommunications is also easy.

Further, with increased trade agreements there is provision of reduced tariffs and taxes and accordingly the international exchange is not complicated and is rather smooth.

5 0
3 years ago
The amount of a product that people are willing and able to purchase at a specific price is referred to as the:
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<span>The amount of a product that people are willing and able to purchase at a specific price is referred to as </span>demand.
8 0
3 years ago
I need a name for an app that could help the community. It has to be original though none that already exists
Harlamova29_29 [7]

Answer:

green help

Explanation:

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8 0
3 years ago
Read 2 more answers
Grengens, a European chocolate manufacturer, received several complaints from customers about the quality of its product when it
Kay [80]

Answer:

Letter E is correct. <u>Product disapprobation.</u>

Explanation:

In this matter, we can say that the factor that probably dictated the adaptation of Greengens products in this scenario was the product's disapproval.

This failure of the chocolate company Greengens was due to some management error and analysis of the market in question. When entering an international market, the company must analyze a series of important variables for the product to be accepted by the local public, no matter how standardized the product is, there are some local characteristics that should not be disregarded, such as local values, culture , needs, tastes, etc., which means that an adaptation of a product or service is necessary for it to be actually accepted and consumed in a given country.

4 0
4 years ago
Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increa
Mrrafil [7]

Answer:

$99,000

Explanation:

According to the scenario, computation of the given data are as follows,

         Net income  = $55,000

Add- Depreciation expense = $70,000

Less- prepaid rent = $50,000

Add- accounts payable = $11,000

Add- Income tax payable = $13,000

Total = $99,000

Hence, Net cash flow from operating activities = $99,000      

4 0
3 years ago
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